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23 December 2024 | 17 replies
@Michelle Reid I'm a big fan of the LTR market in Cape Coral right now.
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26 December 2024 | 8 replies
They seem to lack substance listening to their initial information.I liked Mark Podolsky but I was not a fan of his model.
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22 December 2024 | 23 replies
The refi or additional debt of any kind will impact the current performance of your property I'm never a great fan of selling a good producing property - unless I am certain I can improve the overall performance of my portfolio.
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6 January 2025 | 57 replies
I’m a fan of the SM, but tax free leveraged investing with RE is clearly much better over time.
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29 January 2025 | 107 replies
G'Day Luka,I'm not a fan of out of state BRRRR.It's hard enough for us on the ground to get rehabs done on time and on budget and I don't even want to think how difficult, expensive and time consuming it would be for out of state investors.And then include a high LTV and that can be a portfolio killer IMO.Hat's off to you mate for grabbing the bull and jumping in.You live, you make mistakes, you learn and you grow.Such is life.Building a large portfolio is an absolute must when investing in sub $100,000 properties in Ohio.I "killed" my business by not wanting to sell to investors that are using leverage.Our sales volume could increase by 70-80% but it is what it is.I just don't believe in it or want the hassle associated with it lolReason is mostly two fold:1) Not in the mood to deal with lenders for 2 months and hope the deal will go through.2) I don't believe that investors should use high LTV when building the foundation of their portfolio.My advice to you:1) Pay them off as quickly as you can.2) Build a larger portfolio.The investors that $#@% the most on my name are the ones that buy 1 or 2 properties and expect miracles.As you said, 1 furnace goes out or a sewer line needs repaired and bye bye cashflow for 2 years.We get blamed although we can't predict to fix certain things and there are just many unknowns with all investments.Our happiest investors are the ones that own 6-7 or even 10+ properties and all with cash and no leverage.They aren't worried about turns or tenant issues that occur on 1 or 2 properties as it's just the nature of the beast.Returns vary but across the board over the last 10 years I have seen 6-10% net ROI's year after year.Building a large portfolio is a must to minimize risk and to get the best possible long term ROI.Thanks
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24 December 2024 | 8 replies
I have not been a fan of the larger property management companies who heavily market without a focus on the local markets they handle.
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18 December 2024 | 7 replies
@Francisco Milan I'm a big fan of buying real estate and doing cost segregation studies.
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18 December 2024 | 2 replies
Honestly, I’m not a fan of HOAs—they’re like little dictatorships, and I’ve got some wild stories to prove it!
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17 December 2024 | 2 replies
Not a fan of this merger.